22 Duke of Cornwall Drive, Markham, ON

Victoria Square, Markham · MLS® N13686602

$1,888,000
For Sale
Listed 62 days agoNo offer date statedSitting longer than typical
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4+1Bedrooms
5Bathrooms
2Garage · 4 parking
3000-3500Sq ft

About this home

In short

  • This is the perfect home for every stage of life.
  • Beautifully renovated and meticulously maintained, this elegant family home offers over 3,000 sq.ft. above grade plus a professionally finished basement, blending...
  • The thoughtfully designed layout features 9-ft smooth ceilings on Main floor, hardwood floor, and upgraded high-profile baseboards throughout the main and second floors.
  • The gourmet kitchen is equipped with stainless steel appliances, a centre island, and a walkout to the backyard, adjoining a bright breakfast area filled with natural...
  • The luxurious primary retreat features his-and-hers walk-in closets, exquisite wainscoting, and a spa-inspired 5-piece ensuite.

This is the perfect home for every stage of life! A rare opportunity to own a luxurious Monarch-built residence in the highly sought-after Victoria Square community. Beautifully renovated and meticulously maintained, this elegant family home offers over 3,000 sq.ft. above grade plus a professionally finished basement, blending timeless sophistication with modern comfort. The thoughtfully designed layout features 9-ft smooth ceilings on Main floor, hardwood floor, and upgraded high-profile baseboards throughout the main and second floors. The inviting family room showcases elegant wainscoting and a cozy gas fireplace, while the spacious living and dining rooms flow seamlessly for effortless entertaining.The gourmet kitchen is equipped with stainless steel appliances, a centre island, and a walkout to the backyard, adjoining a bright breakfast area filled with natural light. Upstairs offers four generously sized bedrooms plus a spacious library/sitting area, ideal as a home office or reading lounge. The luxurious primary retreat features his-and-hers walk-in closets, exquisite wainscoting, and a spa-inspired 5-piece ensuite. A second bedroom features a private 4-piece ensuite, while the remaining two bedrooms share a convenient 4-piece semi-ensuite. The professionally finished basement extends the living space with a spacious recreation room featuring a bar area with a wine fridge, a great room, a guest bedroom, and a full bathroom-perfect for entertaining or accommodating extended family. Step outside to a fully fenced backyard complete with a beautiful stone patio, ideal for outdoor gatherings and relaxation. Located just steps from Victoria Square, a top-ranking elementary school, parks, and playgrounds, with easy access to Hwy 404, GO Transit, York Region Transit, Richmond Green Sports Centre, Costco, and prestigious private schools.

Key facts

Property type
Detached, 2-Storey
MLS®
N13686602
Bedrooms
4+1 (5 total)
Bathrooms
5 (1 half)
Size
3000-3500 sq ft
Lot
38.06 × 111.65 ft
Cross streets
Woodbine Ave & Elgin Mills Rd E
Parking
2 garage · 4 parking (attached)
Basement
Finished
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Foundation
Concrete
Roof
Shingles
Sewer
Sewer
Property tax
$8,123 / 2025
Days on market
62
Listing brokerage
RE/MAX REALTRON LUCKY PENNY HOMES REALTY

Rooms

Living RoomMain3.09 × 4.42 m

hardwood floor · pot lights · open concept

Family RoomMain3.66 × 5.79 m

hardwood floor · pot lights · fireplace

BedroomBasement2.44 × 2.74 m

laminate · pot lights · window

Bedroom 2Second3.66 × 3.96 m

hardwood floor · pot lights · 4 pc ensuite

Bedroom 3Second3.44 × 3.99 m

hardwood floor · 4 pc bath · semi ensuite

RecreationBasement3.66 × 5.79 m

laminate · pot lights · window

Great RoomBasement5.67 × 5.18 m

laminate · pot lights · window

Bedroom 4Second3.78 × 3.96 m

hardwood floor · pot lights · semi ensuite

Primary BedroomSecond4.27 × 5.79 m

hardwood floor · his and hers closets · 5 pc ensuite

Dining RoomMain3.09 × 4.42 m

hardwood floor · pot lights · open concept

KitchenMain2.62 × 4.57 m

tile floor · centre island · w/o to yard

BreakfastMain3.05 × 5.18 m

tile floor · open concept · overlooks backyard

Our TakeTeam Asgarian · Broker
No automatic estimate

No automatic estimate is shown here: there is not a deep enough record of recent sales of homes like this one in this neighbourhood to support one.

Considering this property? Request a written price read
What sellers nearby are askingCurrently listed nearby in Victoria Square · asking prices
$1.91Mavg asking

Nothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market.

Per square foot, these ask about $585/sqft; this home lists at $581/sqft. Size is part of the price story, not just the sticker.

The 4 closest active listings nearby.

See all comparable homes
1.89MThis home1.79M2.10M1.96M1.80MThis home vs active comparables

Neighbourhood & location

Victoria Square, Markham, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Devil's Elbow
$5.30M
Cachet
$2.30M
Berczy
$1.61M
Unionville
$2.16M
Wismer
$1.53M

Typical asking price of active listings of the same type, per area (outliers removed). Markham.

Get the full neighbourhood report (schools, parks, transit & safety) →

Affordability & Mortgage

Affordability
$8,605/mo
$352KIncome needed
5.4×Price ÷ income
$1,986Weekly cost
$34,235Land transfer tax, one-time (Ontario)
20% down4.79%25-yr amortization

Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.

93%mortgage
Mortgage $8,605Property tax $677Total carry $9,282

Calculate and customize your mortgage and other expenses

Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.

Your numbers

$
20.0%
$
%

Homes over $1.5M can't be insured, so 20% down or more is required.

4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 20, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$8,351per month

Mortgage amount $1,510,400 · 4.49% over 25 years

$377,600Down payment (20.0%)
$1,510,400Loan before insurance
$0CMHC premium
$9,028Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$8,351
Property tax
$677
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$9,028

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$34,235
Estimated closing costs
$34,235

Plus your down payment of $377,600. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$10,108/monthPayment at the qualifying rate

Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.

Over the full 25 years

$994,978Total interest paid
$2,505,378Total of all payments
Principal $1,510,400 Interest $994,978
YearPrincipalInterestBalance
1$33,706$66,509$1,476,694
2$35,236$64,979$1,441,458
3$36,836$63,379$1,404,622
4$38,508$61,707$1,366,114
5$40,257$59,958$1,325,857
6$42,085$58,130$1,283,772
7$43,996$56,220$1,239,777
8$45,993$54,222$1,193,784
9$48,081$52,134$1,145,702
10$50,264$49,951$1,095,438
11$52,547$47,668$1,042,891
12$54,932$45,283$987,959
13$57,427$42,789$930,532
14$60,034$40,181$870,498
15$62,760$37,455$807,738
16$65,609$34,606$742,129
17$68,588$31,627$673,541
18$71,702$28,513$601,838
19$74,958$25,257$526,880
20$78,361$21,854$448,519
21$81,919$18,296$366,600
22$85,639$14,576$280,961
23$89,527$10,688$191,434
24$93,592$6,623$97,842
25$97,842$2,374$0

At the end of your 5-year term

Total paid over the term
$501,076
Principal paid down
$184,543
Interest paid
$316,533
Balance remaining
$1,325,857

Talk to Team Asgarian about your options

Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.

Let's connect

Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.

Investor snapshot

Rental yield
Estimate$6,300/mo
$75,600Gross annual rent
3.1%Cap rate after taxes and upkeep

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

Estimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.

4.0%
Gross yield
− Property tax $8,123− Insurance $1,400− Vacancy & upkeep $8,316Net operating income $57,761

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX REALTRON LUCKY PENNY HOMES REALTY. MLS®/PropTx.

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